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12:20 pm on 18 September 2022, Sunday
By Romeo Braceros Jr.
Players in the real estate business are gearing up for the anticipated growth in the sector due to the restored trust of real estate buyers, whether for personal use or investment purposes, not just in Cebu but throughout the country.
Anthony Gerard O. Leuterio, the founder of Filipino Homes and president of A Better Real Estate Philippines (ABREP), stated that the "revenge spending" in the post-pandemic era would benefit the real estate, and this will be led primarily by the dollar-earning Filipinos, or Overseas Filipino Workers (OFWs), who are beginning to be redeployed to other countries, or those who were able to realize to invest on properties.
He claimed that the desire to purchase real estate never wavered, even at the height of the COVID-19 pandemic.
However, he asserted that the next six months would see an apparent rebound, with a significant portion of real estate investments coming from the OFWs, who earn at least $32 billion annually.
"There is a sizable section for real estate opportunities in my studies. They want to invest and purchase. We don't want that money to go to waste, added Leuterio, who has various degrees from Harvard Business School, MIT Sloan School of Management, and the University of Oxford for marketing, management, and digital business strategy courses.
"The rebound is coming in the next six to one year," Leuterio remarked.